Week begins in red

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, LOLC Holdings and John Keells  Holdings with the turnover crossing Rs. 2.0 Bn. A similar behaviour was witnessed in the S&P SL20.

High net worth and institutional investor participation was noted in Amana Bank, Ambeon Capital and Hemas Holdings. Mixed interest was observed in Hatton National Bank, Browns Investments and Access Engineering whilst retail interest was noted in UB Finance Company , Industrial Asphalts and SMB Leasing nonvoting. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Banking sector was the top contributor to the market turnover (due to Amana Bank and Hatton National Bank) whilst the sector index lost 0.19%. The share price of Amana Bank closed flat at Rs 25.00. The share price of Hatton National Bank lost Rs 2.00 (0.59%) to close at Rs 335.00.

The Capital Goods sector was the second highest contributor to the market turnover (due to Access Engineering) whilst the sector index decreased by 1.39%.

The share price of Access Engineering declined by Rs 0.80 (1.93%) to close at Rs 40.60. Browns Investments and Melstacorp were also included amongst the top turnover contributors. The share price of Browns Investments moved down by Rs 0.20 (2.30%) to close at Rs 8.50. The share price of Melstacorp recorded a loss of Rs 0.50 (0.38%) to close at Rs 129.50.